SNC-Lavalin Group Inc. faces new legal troubles as a shareholder has initiated a class-action lawsuit in connection with the company’s disclosure about the criminal charges against the embattled engineering firm. SNC-Lavalin Group Inc. faces new legal troubles as a shareholder aims to launch a class action lawsuit in connection with criminal charges against the embattled engineering giant. Provincial securities law requires publicly held companies “to publicly disclose any material changes” in the business, according to the Ontario Securities Commission. The lawsuit seeks $75 million in damages for shareholders who acquired SNC-Lavalin securities between Sept. 4 and Oct. 10, he said. The proposed class-action suit is the second against SNC-Lavalin in three weeks.

Source: thestar February 26, 2019 15:53 UTC